SoftBank Considering Sale of Fortress Investment Group (2023)

FAQs

Does SoftBank still own Fortress? ›

SoftBank Group agreed to sell its 90% stake in U.S. investment manager Fortress Investment Group to Abu Dhabi-based sovereign-wealth fund Mubadala Investment and Fortress's management, the companies announced.

Softbank acquired Fortress in 2017 for $3.3 billion.

Mubadala will own 70% of the equity in Fortress, while Fortress management will hold a 30% equity interest and a class of equity entitling it to appoint a majority of seats on the board, the firms said on Monday. Fortress will continue to operate as an independent investment manager after the deal closes.

(Bloomberg) -- SoftBank Group Corp. has begun talks to sell asset manager Fortress Investment Group, as the Japanese company grapples with record losses, its chief executive said on Monday.

SoftBank Corp. (the “Company”), consolidated to SoftBank Group Corp. is a primary operating company in the group of SoftBank Group Corp.

SoftBank's Vision Fund posted a record loss in the year ended Mar. 31, 2023. The flagship tech investment unit has been hit by the falling prices of tech stocks. Shares of Japanese tech investor SoftBank fell on Friday after the company reported a record loss at its Vision Fund tech investment unit.

Founded in 1998, Fortress manages $44.2 billion of assets under management as of March 31, 2023, on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.

SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, continues to suffer from valuation corrections across its portfolio of private and public tech companies amid a weakening global economy.

In 2017, a 25 percent stake of Arm was transferred to the SoftBank Vision Fund, which received investment from the Saudi sovereign fund.

What are the top SoftBank holdings? ›

Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Softbank Group Corp's top holdings are T-Mobile Us Inc (US:TMUS) , Lemonade Inc (US:LMND) , NVIDIA Corporation (US:NVDA) , EQRx Inc (US:EQRX) , and Nu Holdings Ltd. Class A Ordinary Shares (US:NU) .

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It's not a chart of the firm's stock picks. Those are sinking fast. So too is Son's fortune -- at $13.7 billion, it's crashed $25 billion in the past year, according to the Bloomberg Billionaires Index. The chart is SoftBank's loan-to-value ratio, which Son says he checks four times a day.

Softbank is trading at 1.29 times book value, still well below its five-year average. That may provide a good opportunity for bargain hunters. “In our view, if we actually look at these various value components, we feel that SoftBank Group shares are undervalued,” said Macquarie analyst Paul Golding.

SoftBank booked a gain of $34 billion last year by cutting its stake in Alibaba to 14.6% from 23.7%, as the firm sought to shore up its cash reserves amid steep losses incurred by its Vision Fund.

The debt totaled $5.2 billion, according to Bloomberg calculations based on company disclosures. The 65-year-old billionaire holds 17.25% of a vehicle set up under SoftBank's Vision Fund 2 for its unlisted holdings, as well as 17.25% of a unit within the company's Latin America fund, which also invests in startups.

The move, a bid to unlock shareholder value and improve competition—an apparent nod to tough-on-tech regulators who spurred two years of dramatic stock-price declines—was a key sign of a sea change in the Chinese tech sector. SoftBank moving even further out the door would be yet another.

SoftBank Group

Fortress Investment Group / Parent organization

Is SoftBank a good company? ›

SoftBank Reviews FAQs

Is SoftBank a good company to work for? SoftBank has an overall rating of 3.4 out of 5, based on over 264 reviews left anonymously by employees. 66% of employees would recommend working at SoftBank to a friend and 60% have a positive outlook for the business.

The Japanese conglomerate SoftBank reported on Monday its largest-ever quarterly loss, $23.4 billion, driven by poor performance of its flagship tech investments and a weak yen.

NET PROFIT FORECAST: SoftBank Group is expected to post a net profit of 486.80 billion yen ($3.60 billion) for the quarter ended March 31, according to a poll of analysts by Visible Alpha.

The largest investor of the first Vision Fund is the Public Investment Fund of Saudi Arabia contributing $45 billion of the $100 billion fund.

BlackRock

BlackRock (BLK) is the largest investment firm in the world. It manages $8.6 trillion in assets as of Dec. 31, 2022.

When Fortress launched on the NYSE in February 2007, it was the first large private equity firm in the US to be traded publicly. In December 2017, Fortress was fully acquired by SoftBank Group, was delisted, and returned to being a privately held company.

Overall, SoftBank Group Corp stock has a Value Grade of C, Quality Grade of C, Momentum Grade of C . Whether or not you should buy SoftBank Group Corp stock will ultimately depend on your individual goals, risk tolerance and allocation.

Japanese holding company Softbank owns about 61 million T-Mobile shares, or 5% of the company. The investment originated from Softbank's 2013 merger with Sprint, which later merged with T-Mobile in 2020.

How much is Softbank Corp's dividend? SFTBY pays a dividend of $0.06 per share. SFTBY's annual dividend yield is 0.59%.

What will SoftBank do with arm? ›

By listing Arm, SoftBank could more easily use those shares instead, possibly enabling a renewed investment push by the Vision Fund. The conglomerate in March 2022 raised around 1 trillion yen from lenders by using its Arm stake while the unit was still unlisted.

How much is ARM worth? The ARM IPO is expected to value the company at $40 billion, or £34 million - although the company has said it's aiming for a minimum of $50 billion. That's still significantly less than it's previous valuation in 2021, when ARM was valued at $80 billion amid the deal with NVIDIA.

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The usual things for fund are deals in the range of more than 100 millions dollars. When the investment is from SoftBank the average startup value is more than 1 billion dollars. The high activity for fund was in 2019.

SoftBank Capital is a venture capital group in the United States, focusing on technology and telecom early stage businesses.

Private equity funds refer to investments made by investors for investment purposes. Whereas, venture capital refers to funding to those ventures that are backed by new entrepreneurs, have high risks, and who require money to shape their ideas.

SoftBank Group's competitors and similar companies include Hughes Satellite Systems, Singtel, Windstream and Cyfrowy Polsat.

SoftBank Group | 2022 Global 500 | Fortune.

The company also disclosed another loss on its investment in WeWork: SoftBank wrote down the value of loans it made to the company by $1.8 billion. SoftBank had already pumped more than $10 billion into the company when it viewed it as a promising startup valued like a tech company.

Which SoftBank executive wants $2 billion in pay? ›

The New York Times is reporting that Marcelo Claure, the chief operating officer of SoftBank who was brought in by its founder, Masayoshi Son, to clean up messy investments in money-losing tech start-ups, are in a battle over the compensation for doing so — to the tune of $2 billion over the next few years.

Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit.

A year later, it reported its largest-ever annual profit: $46 billion, fueled by surging tech prices and a hot I.P.O. market that sent the company's investments in companies like DoorDash and the South Korean e-commerce giant Coupang soaring.

In October 1999, SoftBank became a holding company. In 2000, SoftBank made its most successful investment – $20 million to a then-fledgling Chinese Internet venture called Alibaba. This investment turned into $60 billion when Alibaba went public in September 2014.

Jack Ma Net Worth: The Chinese billionaire's fortune took a slight hit in 2016 but continued to gain marginally over the next few years after zooming to a whopping $48.4 billion in 2021.

We're Alex and Matt Beer — brothers, Co-Founders and Co-CEOs of Fortress Brand. In 2012 as early adopters of the Amazon marketplace, we developed a deep knowledge of the platform and uncovered market trends to help bring nutritional supplements to the DTC market.

How big is fortress investment? ›

Overview. Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $44.2 billion⁽¹⁾ of assets under management as of March 31, 2023.

Is Fortress Investment Group a good company to work for? Fortress Investment Group has an overall rating of 3.9 out of 5, based on over 195 reviews left anonymously by employees. 68% of employees would recommend working at Fortress Investment Group to a friend and 90% have a positive outlook for the business.

Fortress Investment Group has 2,533 employees.

Fortress Partners's competitors include Franklin Templeton India, ARK Investment Management, First Trust Portfolios, GAMCO. Fortress Partners ranks 74th among 138 active competitors.

Founded in 1998, Fortress Investment Group is a private equity firm based in New York, New York. The firm seeks to invest in companies operating in the financial services, transportation, energy, infrastructure and healthcare sectors.

IPO & Stock Price

Fortress Investment Group is registered under the ticker NYSE:FIG . Their stock opened with $18.50 in its Feb 9, 2007 IPO.

Fortress Brand's revenue is $37.6 Million What is Fortress Brand's SIC code?

SoftBank booked a $34 billion gain last year by cutting its Alibaba stake to 14.6% from 23.7%, as the firm sought to shore up cash reserves amid steep losses incurred by its Vision Fund.